Associated British Foods agrees to takeover National Milk Records in a £48mn deal

LONDON, UK: AB Agri Limited (an indirect wholly-owned subsidiary of Associated British Foods plc (ABF)) will acquire the entire issued and to be issued ordinary share capital of National Milk Records plc (NMR) at the rate of 215 pence in cash per NMR share. The acquisition values the entire issued and to be issued ordinary…

Associated British Foods plc

Associated British Foods plc (ABF) is a British multinational food processing and retailing company whose headquarters are in London, England. Its ingredients division is the world’s second-largest producer of both sugar and baker’s yeast and a major producer of other ingredients including emulsifiers, enzymes and lactose. Its grocery division is a major manufacturer of both…